Key News Overnight:
U.S. stocks climbed after a report the U.S. is considering delaying President Donald Trump’s plan to impose tariffs on Mexico. Treasuries pared gains and the peso rebounded from Thursday’s lows.
Oil staged a late-session revival to post the biggest daily advance in six weeks, a day after worries about an oversupply pushed prices into a bear market. After hovering near a five-month low for most of Thursday, futures jumped in the final 30 minutes of the session to close 1.8% higher.
Copper demand “remains good,” even as fears over the trade war’s impact drive prices to a five-month low and risk deterring much-needed investment, according to the world’s largest miner of the metal, Codelco.
Lead prices in London jumped by the most intraday this year after Nyrstar NV said it has halted production at the Port Pirie smelter in Australia and declared force majeure on shipments to customers.
Gold rose to near three-month highs as investors weighed concerns about escalating trade tensions.
In This Issue:
St Barbara Ltd (SBM) | Completion of entitlement offer | BUY | Analyst | James Wilson
Ausdrill (ASL) | FY19 non-cash impairment | BUY | Analyst |Ian Christie
Syrah Resources (SYR) | Another Downgrade | Not covered | No rating
Northern Minerals (NTU) | Equity capital Raising | Not covered | No rating
Austal Ltd (ASB), Myanmar Metals (MYL)